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Bonanza Creek Energy, Inc. engages in the acquisition, exploration, development, and production of onshore oil and natural gas in the United States. Its assets and operations are concentrated primarily in southern Arkansas (Mid-Continent region) and the DJ and North Park Basins in Colorado (Rocky Mountain region). The company also owns and operates oil producing assets in the San Joaquin Basin, California. As of December 31, 2010, it had estimated net proved reserves of 32,860 thousand barrels of oil equivalent. The company was founded in 2009 and is based in Denver, Colorado.
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Press Release $BCEI Bonanza Creek Energy, Inc.
DENVER, February 7, 2013 - Bonanza Creek Energy, Inc. (NYSE: BCEI) (the "Company") today announced the closing of its previously announced public offering of 13,000,000 shares of common stock at $29.50 per share (the "Shares"), which includes 1,500,000 shares purchased pursuant to the full exercise of the underwriters' option to purchase additional shares. All 13,000,000 shares were sold by Project Black Bear LP, the selling stockholder (the "Selling Stockholder"). The closing of the sale of the Shares took place on February 6, 2013. The Company did not receive any proceeds from the sale of the Shares by the Selling Stockholder. Credit Suisse and Raymond James acted as joint book-running managers in the offering, KeyBanc Capital Markets, BMO Capital Markets and Scotiabank / Howard Weil served as senior co-managers for the offering, and Stifel Nicolaus Weisel, Wunderlich Securities, Societe Generale, SunTrust Robinson Humphrey, C.K. Cooper & Company, Miller Tabak, KLR Group and IBERIA Capital Partners L.L.C. were co- managers for the offering. An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. A copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from: Credit Suisse Securities (USA) LLC Attn: Prospectus Department One Madison Avenue New York, NY 10010 Phone: 1-800-221-1037 Email: newyork.prospectus@credit-suisse.com Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg, Florida 33716 Phone: 1-800-248-8863 Email: prospectus@raymondjames.com This press release does not constitute an offer to sell or a solicitation of an offer to buy common stock or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus. About Bonanza Creek Energy, Inc. Bonanza Creek Energy, Inc. is an independent energy company engaged in oil and natural gas exploration and production in the United States. The company's assets and operations are concentrated primarily in the Wattenberg Field in Colorado and in southern Arkansas. The company's common shares are listed for trading on the New York Stock Exchange under the ticker symbol BCEI. For further information, please contact: Mr. Ryan Zorn Vice President - Finance 720-440-6172 Mr. James Masters Investor Relations Manager 720-440-6121 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Bonanza Creek Energy, Inc. via Thomson Reuters ONE [HUG#1676601]